The Lithium Gold Rush Just Minted a $1B Unicorn

The Lithium Gold Rush Just Minted a $1B Unicorn

Briefly

"Demand for lithium is fueling a modern-day gold rush. The industries that define our modern world, like artifiial intelligence (AI), robotics, EVs, and energy, all depend on lithium, which is used to make batteries and other energy storage systems. Microsoft CEO, Satya Nadella believes that the AI race will be won based on energy costs, not on who has the best models.That's why lithium demand is projected to grow a staggering 5X by 2040."

"One company translated this demand into substantial valuation growth since 2018, officially reaching the $1B unicorn territory last year. Meet EnergyX. It has developed patented technology that the company says can recover 3X more lithium than traditional methods. The company says this breakthrough has already earned them more than $150 million in investments, including strategic investment and partnership from General Motors and POSCO, and a $5M U.S. Department of Energy grant."

"Now, EnergyX is at a pivotal transition stage, moving beyond proving the technology and into commercial-scale deployment, just as global lithium demand accelerates. Here's why investors are paying attention now: $1.1B/yr revenue potential from 100k+ acres of Chilean land at projected market prices. Goldman Sachs is engaged as a financial advisor on the Chilean project. Nearly 50k gross acres of land secured for production in Arkansas and Texas."